At A Time When Nevadans Are Already Facing Rising Costs, Grocery Merger Could Further Increase Food Prices For Hardworking Nevada Families
WASHINGTON, DC – U.S. Senator Jacky Rosen (D-NV) sent a letter urging Federal Trade Commission (FTC) Chair Lina Khan to review and consider blocking the merger of Kroger and Albertsons grocery stores over concerns that it could increase already-high food prices for families. Both grocery stores have a strong presence throughout the state, and this merger would mean less competition and fewer affordable food options for Nevadans.
“I write with significant concerns about the proposed merger between The Kroger Company (Kroger) and Albertsons Companies, Inc. (Albertsons), and its potential impact on already high grocery costs for Nevadans,” wrote Senator Rosen. “At a time when working families in Nevada and across the country are facing high costs for housing, gas, groceries, energy, and more, the Federal Trade Commission (FTC) must fully exercise its antitrust authority to review and consider blocking this merger, which could increase costs for Nevadans even further.”
“The grocery store mega-merger could be particularly problematic for my state because both Kroger and Albertsons have a strong presence in Nevada,” she continued. “With Nevada families facing rising costs across the board, this would be a particularly challenging time for the Kroger-Albertsons merger to be approved. My constituents lack assurances that the proposed deal will not further increase food costs for hardworking Nevadans who are already getting squeezed by rising grocery prices.”
The full text of the letter can be found HERE.
Senator Rosen has been a leader in fighting to lower costs for hardworking Nevadans. She recently announced that she successfully pushed the FTC to open an investigation of Exxon Mobil’s proposed acquisition of Pioneer Natural Resources that could greatly reduce competition and drive up gas prices at the pump for Nevadans. Senator Rosen also recently announced funding to help families lower their energy costs and fund energy-efficient home repairs through the Low Income Home Energy Assistance Program (LIHEAP). Additionally, Senator Rosen helped secure several wins in the Inflation Reduction Act that will help lower energy and health care costs for Nevadans.
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